Bill Shorten has announced that he intends to impose a ‘minimum tax rate’ of 30 per cent on distributions made from discretionary trusts to adult beneficiaries as an effort to ‘crackdown’ on income splitting and tax minimisation by high wealth individuals if Labor get elected.
The retrospective change in the small company tax rate is starting to register for companies across the country. The tax rate change came at a significantly late point in the 2016/17 tax year and as such may have caught some taxpayers by surprise.
On Wednesday 16 August ESV hosted clients and guests from the property and funds management industry at a boardroom lunch to celebrate Bledisloe Cup and ESV’s Community Partnership with Randwick Rugby. Guests had the pleasure of listening to rugby legends Bob Dwyer and Owen Finegan speak of the highlights of...
Treasury has finally released the draft legislation detailing the changes proposed in the 2017-18 Federal Budget surrounding the CGT main residence exemption.
Further to the Government’s tinkering in respect of the taxation of superannuation last year, additional requirements have been put into place for superannuation funds, including SMSF’s who will now have to report certain income stream events to the ATO.